Gold Trend Today Technical Analysis for 02-12-2019 11:00:04

by wealthmann

December 2, 2019

14

In 1 hour chart Gold price continues to trade at 37900 and above the (Exponential Moving Average)EMA200 value of 37875.6 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Gold continues to trade above level, that could be an extraordinarily Bullish sign for Gold

Even so, the 200-candle Exponential moving average (EMA) price range of 37875.6 is proving a tough nut to crack.

Pivot (invalidation): 37942.3

Our preference: Long positions above 38191.7

Alternative scenario: Below 37770.7 look for further downside.

Support Resistance Levels For Gold Today at 02-12-2019 11:00:04

Pivot: 37942.3

Resistance 1: 38191.7

Resistance 2: 38363.3

Resistance 3: 38612.7

Support 1: 37770.7

Support 2: 37521.3

Support 3: 37349.7

Yesterday High Low Close For Gold

Yesterday High: 38114

Yesterday Low: 37693

Yesterday Close: 38020

Today at 02-12-2019 11:00:04 Gold trading at 37900 with high of 37970 and low of 37100